[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.06.03 11:10
• [Haikou East Station to welcome its largest expansion in 16 years]
• On June 1, 2026, the plan for the expansion project of Haikou East Station was publicly announced, with a total investment of 186 million yuan and an expansion area of 5970 square meters. The project will carry out a systematic renovation of the first and second floors of the station, adding barrier free facilities, expanding the waiting hall, optimizing the entry and exit flow lines, and simultaneously improving supporting facilities such as power supply and distribution, fire protection, etc. The construction adopts the "reverse edge construction" scheme to ensure uninterrupted operation.Editor/Cheng Liting

• 2026.06.03 11:10
• [Petrobras signs two FPSOs, opening up new frontiers in oil and gas production]
• Recently, Petrobras and SBM Offshore of the Netherlands officially signed contracts for two floating production storage and offloading oil tankers to advance the production of two approved oil and gas development projects in the Sergipe Alagoas Basin. These two FPSOs will provide core production and storage facilities for deep-sea oil and gas fields along the northeast coast of Brazil, marking the country's official entry into a new stage of large-scale development in the basin. Editor/Cheng Liting